Cyprus Business News

Inflation in Cyprus for March stood at 1.6 per cent, according to the latest Consumer Price Index (CPI) data released this week by the Cyprus Statistical Service. The index rose to 117.25 ...

The Cyprus Property Developers Association has welcomed the implementation of a fast-track building permit process for medium-risk developments, praising the Interior Ministry’s efforts to speed up licensing procedures. In ...

President Nikos Christodoulides held a meeting on Thursday in the United States with Richard Mashaal, founder of Senvest Management, and Brian Gonick, the company’s head of investments. Government spokesperson ...

The volume of new loans in Cyprus fell by 22.8 per cent in February 2025, reaching €246.1 million, compared to €318.7 million in January. According to a report released this week by the Central ...

Capital.com, the high-growth fintech company , brought together over 650 employees from eight international offices for a spectacular three-day company event in Dubai, designed to celebrate the people behind the brand ...

The Bank of Cyprus on Thursday announced key updates regarding its total voting rights, share capital, and the progress of its ongoing share buyback programme. According to an announcement on ...

The Cyprus Securities and Exchange Commission (CySEC) marked this year’s Global Money Week by raising awareness about the risks, challenges, and evolving landscape of social media in investing. The ...

Finance Minister Makis Keravnos has ruled out the prospect of raising the tax-free income threshold beyond €20,500, signalling a firm stance as the government moves ahead with its new tax reform. ...

Cyprus MPs are set to vote today on a proposal to exempt casinos from a nationwide cash transaction limit of €10,000, passed by Parliament last December. The exemption would apply until ...

AstroBank Public Company Limited on Thursday announced the appointment of Charis Kynigou as an executive bember of its board of directors, effective from March 31, 2025. The bank noted that the appointment ...

The Paphos regional tourism board (Etap) announced on Thursday that it is boosting its promotional efforts in Poland as part of its 2025 action plan. According to the announcement, the board ...

The volume of new loans in Cyprus fell by 22.8 per cent in February 2025, reaching €246.1 million, compared to €318.7 million in January. According to a report released this week by the Central ...

Inflation in Cyprus eased to 2.1 per cent in March, down from 2.3 per cent in February, according to the latest flash estimate from Eurostat. However, this marks a slight increase from ...

Cyprus’ cruise season began on Wednesday with the arrival of Marella Discovery II at the port of Limassol, according to an announcement by operator DP World Limassol. This marks the ...

The labour ministry’s inspection department announced on Wednesday that it will carry out a targeted inspection campaign targeting hotels, restaurants, and ready-to-eat food outlets in April and September 2025. According ...

The percentage of non-performing loans (NPLs) in Cyprus decreased to 6.2 per cent by the end of December 2024, down from 6.5 per cent at the end of September. This is according to ...

The retail trade sector in Cyprus exhibited strong growth in February 2025, according to a report released on Wednesday by the Cyprus Statistical Service (Cystat). Specifically, the turnover value index rose ...

The number of building permits issued in Cyprus during November 2024 fell by 28.1 per cent compared to the same month in 2023, according to a report released on Wednesday by the state ...

The Bank of Cyprus on Wednesday provided an update on its total voting rights, share capital, and the progress of its share buyback programme. Specifically, the bank reported that 28 per ...

The Cyprus Securities and Exchange Commission (CySEC) has issued a warning to investors regarding multiple online platforms that are operating without the necessary authorisation to provide investment services or perform ...

Inflation in Cyprus eased to 2.1 per cent in March, down from 2.3 per cent in February, according to the latest flash estimate from Eurostat. However, this marks a slight increase from ...

Cyprus enters 2025 with optimism for its tourism sector, which is expected to match or surpass that of 2024, itself a record-breaking year, deputy minister Kostas Koumis said on Tuesday. Last year, ...

As the Mediterranean’s rising star, Cyprus continues to attract investors looking for high-yield property opportunities.   With a booming economy, a favourable tax regime, and a strategic location bridging Europe, ...

The Cyprus Composite Leading Economic Index (CCLEI), compiled by the Economics Research Centre (CypERC) of the University of Cyprus, recorded a year-on-year increase of 2.9 per cent in February 2025. This follows ...